The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country's largest insurer LIC. Other selected bankers include SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Co Ltd, a circular on the divestment department website said. "Government has finalised the book running lead managers and some other advisors for the IPO of LIC," DIPAM Secretary Tuhin Kanta Pandey tweeted. The divestment department had invited applications for the appointment of merchant bankers on July 15.
'It is not just about numbers. Sometimes coalitions and alliances have symbolic value.'
M Damodaran is likely to head the new market value-based UTI Mutual Fund, promoted by LIC and three leading banks, after the new fund becomes operational from February 1.
Modi will arrive in New York on June 20 and will lead the 9th International Yoga Day celebrations at the UN headquarters on June 21.
Sonal Arora, VP, Team Lease Services offers prudent advice to working women.
From the US, Modi will travel to Egypt at the invitation of President Abdel Fattah El-Sisi.
All 39 constituents of the National Democratic Alliance (NDA) on Tuesday reposed faith in Prime Minister Narendra Modi and resolved to contest the 2024 Lok Sabha elections unitedly under his leadership.
The 'Holi celebrations' event was organised by the Governor in the honour of the visiting dignitary and his delegation.
India's senior batsman Cheteshwar Pujara is expecting a strong showing from Ravichandran Ashwin in the upcoming Test series against Australia.
He also said that infrastructure development in the country in the last eight years has been done with a human touch.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
A look at match-ups that could potentially decide the winner of the ICC World Cup final between India and Australia in Ahmedabad on Sunday.
'We think we know him because he's written about everyday.' 'But how many of us know him as a person?'
'Modiji has a vision for the country, not just to fight the elections but about achieving certain goals for the country.' 'Congress does not even have a vision for 25 days.'
The regular Indian cricket fan is usually stoic, but ahead of the ODI World Cup at home, he is frustrated and angry.
Assume Voot, JioCinema and Disney+ Hotstar are merged into one entertainment app, and you have a streaming service with more than 233 million unique visitors. That is a reach just under half of India's largest streaming app: YouTube. 'This level of consolidation does not exist even in the US.'
Leaders of the powerful G7 grouping and its five partner countries, including India, have said that they are committed to open public debate and the free flow of information online and offline while guarding the freedom, independence and diversity of civil society actors.
Out of total 5,842 registered water packaging units, 1,495 units have both BIS and FSSAI licences, while 4,347 units have only BIS certification.
Modi said this 'special invitation' from President Joseph Biden and First Lady Jill Biden for a state visit is a reflection of the vigour and vitality of the partnership between the democracies.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
A day after the Communist Party of India-Marxist rejected her party's proposal to bring a no-confidence motion against the United Progressive Alliance government, Trinamool Congress chief Mamata Banerjee on Tuesday stuck to her gun and said she has no hesitation to support a Left-sponsored no-trust move to bring down the government.
National Security Advisor Ajit Doval will hold crucial talks with the top US leadership, including his counterpart Jake Sullivan, on the first high-level dialogue on Initiative for Critical and Emerging Technologies (iCET).
Kadian, who competes in heavy-weight category, reiterated that their fight is against the WFI chief and not against the government.
'Despite almost $30 billion of funding since 2001, all the US reaps today is unmitigated hostility of a Pakistan emboldened to flaunt its China card.' 'How can the US give credence to any offers from Pakistan, which has trotted out the standard alibi of non-State actors time and again, including dreaded terror outfits being out of State control, Pakistan itself being a victim and so forth?'
Sebi had last year put in place a separate regulatory regime for REITs.
To further tighten its control of practising accountants, the Centre has brought within the ambit of the Prevention of Money Laundering Act (PMLA) their "financial transactions" such as operating and managing their client firms and trusts, and buying and selling business entities. The Union finance ministry issued a gazette notification on this on Wednesday. Under the new rule, chartered accountants, company secretaries, and cost and works accountants carrying out such transactions (on behalf of their clients) will now be required to go through the Know Your Company (KYC) process before commencing work.
As the old Parliament building hosted a session one last time, Prime Minister Narendra Modi on Monday bid a poignant farewell recalling the country's first PM Jawaharlal Nehru's iconic 'tryst with destiny' speech for continuing to inspire everyone and another predecessor Atal Bihari Vajpayee's 'governments may come and go' remark.
The nation wants an ex-ante body for endorsing "public purpose" during land acquistion process.
The BSE Realty index on Monday soared 4.3 per cent-most among the 19-sectoral sub-indices-buoyed by the proposal to formalise fractional ownership of real estate in the country. The Securities and Exchange Board of India (Sebi) on Friday issued a discussion paper proposing to regulate online platforms offering fractional ownership in real estate, a model already popular in countries such as the United States and UAE.
A dozen people lost their lives in various rain-related incidents in and around Chennai while personnel on fishing boats and farm tractors were engaged in rescuing stranded people on Tuesday.
Should the anti-defection law in India exist only to prevent democratically elected governments from being toppled?
The government is looking to sell shares of Reliance Industries (RIL) held through Specified Undertaking of the Unit Trust of India (SUUTI) and is soon going to appoint an intermediary to manage it. The plan is to sell about 8 lakh shares of RIL that will help the government garner around Rs 180 crore. The Department of Investment and Public Asset Management (DIPAM) will appoint an intermediary that will act as a custodian of these shares. The intermediary, based on its market analysis, will offload these shares at the best price, said an official. A final approval on the proposal is expected soon.
The CDS has the option to focus on key areas of capability development to fight new generation wars or get bogged down in trying to bring cosmetic changes to humour the political leadership, asserts Brigadier Narender Kumar (retd).
Policymakers should aspire to restore the pre-Independence environment where the rupee was trusted and used all over South Asia, in Southeast Asia, in West Asia, and in East Africa, suggests Ajay Shah.
Pompeo describes Swaraj somewhat disparagingly, using the American slang words "goofball" and "heartland political hack" for her.
'At the heart of the strategic relationship between our countries are economic ties.'
The Bharatiya Janata Party, if voted to power, will create an atmosphere of "mutual goodwill and trust" with the United States, party president Rajnath Singh said in Washington, DC, asking America to look at India as a long-term strategic partner and "not merely as a transactional" relationship.
What is the independence of the judiciary if independent and fearless judges are not being appointed, SC judge Rohinton Fali Nariman said.
The Biden administration has assured the Indian government of a quick investigation into the incident and bring to justice the police officers who were responsible for it.
Human Development -- a measure of a nation's health, education, and average income -- has declined for two years in a row.
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